Skip to main content

tv   Cavuto  FOX Business  March 7, 2015 6:00am-7:01am EST

6:00 am
tonight list report, thank you for joining us and don't forget to record the show if you can't catch us live. have a great weekend and a good night, don't miss that hour of joining us. have a fantastic weekend. good night from new york. neil: if jobs are soaring why is it so many americans are still just plain old bumming? maybe because jobs really aren't soaring and because the jobs numbers everyone looks at really aren't what we should be quoting? welcome everybody, i'm neil cavuto. folks we're being fooled. 295,000 jobs weren't really added to the economy last month. over the last few monthses, more than two million jobs were lost. now, i know what you're thinking, old cavuto, propeller head, is climbing back inside his black helicopter to share his latest sinister or government plot, but hear me out. i don't think anyone's plotting and i'm not here to say we're being lied to, just not fully informed. not deliberately. i want to stress, no one is
6:01 am
lying to us or with evil intent hoodwinking us. when it comes to the jobs numbers they're just giving us one jobs number. the only one many of us have ever known. the only one both democratic and republican administrations have ever used. and the only one the media organizations have ever quoted. it is called the seasonally-adjusted payroll figure, and every month the labor department sorts through the monthly vagaries that can occur at certain times of the year to give a jobs number that adjusts to these developments and sort of evens them out. for example, construction that largely stops in the winter or manufacturing plants that typically close in january. there's got to be a way to adjust for that. so they even this thing out, and that's how they get to the nearly 300000 jobs added last month and the unemployment month sliding to 5.5% for the same month. thing is things are worse than that. actually they're a lot worse. which could explain why a lot of
6:02 am
other economic numbers aren't strong. folks aren't spending so something clearly isn't connecting with the jobs they're supposedly getting and gaining. we've got a guy who knows what that something is. harvard university professor daniel quinn mills says there's another number you need to know. professor welcome. good to have you. what is that other number and what does it say? >> the other number is the non-seasonally-adjusted number. it said that from december to january, from december of 2014 to january of 2015 the economy shed about 2,755,000 jobs. it said that from january to march -- from january to february the economy add about 900,000 jobs. so we're net down two million for this year. the government has that number. the government publishes that number. but it also publishes and prefers the seasonally-adjusted number which, of course, is a much, much higher number.
6:03 am
neil: all right. the seasonally-adjusted number is something we've been going with for decades here because it was supposed to iron out all these differences and vagaries and, you know, factory shutdowns that are affected as much by the season as anything else. but you say they've overcompensated now? >> well, it was a different economy. when those numbers were created, when that seasonal adjustment was created, the american economy was a goods production economy. construction and manufacturing were well over half of employment. this was 50 60 years ago. now the american economy is a service economy. it's about 80% services. services do not have this kind of weather-related, seasonal pattern. so what they're doing is seriously out of date. neil: all right. so if we reverted back to the raw data you alluded to, picture where we are now and how it compares to where we've been before. >> oh, the economy is growing
6:04 am
slowly. employment is growing slowly. the economy is probably growing at about a 1.5-2% rate in reality. the numbers that are being released by the government and reported as a result by the media suggest a much stronger rate of economic growth and employment growth. this is dangerous because if the federal reserve system, if the government bases its policies on the presumption that the economy is a good bit stronger than it is, then the economy is not going to be well managed. neil: but, you know, the fed obviously eats up these type of numbers. i mean, there's a lot of smart guys like you, professor, who know very well these two sets of employment books and must be looking at the set you're looking at. >> no, the problem is that the fed, like the universities today, is extremely sophisticated in the technical analysis of the data. they don't really understand what's behind the data in terms
6:05 am
of economics they don't really understand the reality of the economy. the data has to be interpreted. it has to be understood. there are clearly major inconsistencies and anomalies. you mentioned them before in the data. things are not happening the way they ought to be happening, and the reason for this is that the data is not really accurate, or it is misunderstood. it's unfortunate, but the fed is at the heart of that problem. neil: do you know what's really brilliant about your thinking on this is that it would explain why spending hasn't followed suit, why in the latest period you know whatever people are uptick in earnings they're doing, they're not going to the mall and just, you know, spending it all away. so it would explain some of their conservative positive toture, wouldn't it? >> no -- posture. wouldn't it? no, your correct. it does explain it, you're exactly right. you understand that the labor market is much weaker than it
6:06 am
is -- appears to be in terms of the seasonally-adjusted data then you understand a lot about why there is this limitation in consumer spending. neil: you sure you teach at harvard professor? because you make a lot of sense. i'm just kidding. [laughter] >> you're kind. thank you very much. neil: no, professor, seriously, a very interesting read of things. all right. the administration is taking credit for the good payroll number. it likes the one that is most often quoted. but should it be liking itself as the reason behind that number the reason behind that improvement? to emily and caylee on whether folks really are feeling this recovery. now, caylee, your point is whatever number you use, the administration shouldn't be taking the bows. >> yeah, exactly. there's a severe disconnect between what the administration is saying and what the american public is feeling. the administration says they created 11 million jobs, the american people are feeling most of those jobs are part time, and as professor mills pointed out a highly questionable number
6:07 am
whether that many jobs have even been created. there are essentially two different countries, the one obama's telling us exists and the one that actually exists. neil: but to be fair, there are these two reports. having said that, emily, to the professor's point about how we build policy and maybe future stimulus and justify its use because of the perceived improvement we're seeing that isn't really real. what do you think? >> well, i think the new unemployment numbers which were projected even during the 2012 election and when romney was saying what he would do would be to take it to 6% unemployment, this is five points lower than that. but even all that aside, the reason that even though people are going back to work, the wages are flat. they're not going up. productivity in america has never been higher but people are not feeling it in their pocket. you know, some private corporations in the last couple
6:08 am
weeks -- walmart, tj maxx have raised them, they've taken that into account and states are starting to do it, cities are starting to do it, but wages are not going up enough to keep people spending. neil: there's a conventional household survey that gets all the attention now. clearly there's a disconnect here, caylee and it should worry us. >> it absolutely should, and i think emily hits on a great point wages a -- are a huge problem. we're seeing the middle class shrinking. i think the most telling number i have seen is that since the president took office in 2008 to now one-fifth fewer americans feel like they're in the middle class, because middle class is being squeezed on the wage front, on the jobs front. they're not the ones getting obamacare subsidies, their kids are stuck with $30,000 in student loan debt. people aren't being brought up, we're all being pulled down. neil: so looking at this then emily, what do we do? just keep going the same way? >> same way is not going to do it. we need big ideas.
6:09 am
you know i actually do agree in a lot of ways that the middle class definitely is getting squeezed, and we need programs for them. you know, the place where we look at these numbers each if we don't like the way these numbers are counted, these are the numbers these are the jobs numbers that have been used over time. so if we look at the number of -- the unemployment rate now and number of job growth over months, the only time in recent history we've had job growth this kind over multiple months is the late '90s to early 2000s. and if we break into that and talk about manufacturing, a place where so many people have been able to really make a living and provide for their family, during that time period manufacturing went down by a couple hundred thousand and has actually increased 800,000 jobs under the obama administration. but, you know big picture we need big picture ideas. that's what the president came forward when he was talking about, you know, when he was talking about free community college and apprenticeship programs. we coneed big ideas here. -- do need big ideas here.
6:10 am
neil: well we do need to get the data right. >> we need to take pages from the reagan playbook. neil: some playbook that has accurate numbers. thank you very much. the labor department is set to crack down on retirement brokers. tim pawlenty says how about focusing on providing the right economic environment that assures folks will even have a retirement? governor, good to have you. it's a sound idea but there's a lot of finger pointing about how brokers are just nefarious crooks. is that missing the bigger picture? >> well, it could be missing the bigger picture, neil, but let me start with this: of course, many brokers do a great job. some may not. but for those who do not, there's already existing federal agencies and mechanisms and procedures in place to identify those and to root them out. neil: then why is he doing this, governor? >> i think he's doing this because of perhaps a genuine concern about some of the issues that have been raised, but we shouldn't have a three federal
6:11 am
agencies working on the same topic. and the other thing, neil, is the thing they seem to be focused on is this: the companies that people invest in sometimes pay a commission or a payment back to the broker, and if that gets limitedded or eliminated in a ham fisted way the only way modest income people are going to get retirement advice is to pay for the advice themselves, and that could get burdensome if you're a small or modest level investor. neil: i don't doubt to your point, governor that there are some unscrupulous guys out there who are hawking products that their customers shouldn't be buying but to throw them all into the same bath, it drowns i think, what is a system meant to help individual investors. so how do we correct that? >> you're right. and, in fact disappointingly the white house produced a memo that kind of threw the entire industry under the bus and sort of implied that many or most of these -- neil: well they didn't imply, governor, i tell you, they just made the act sakes without --
6:12 am
>> you're right. so it was overbroad and in that regard irresponsible. if there are problems, let's identify what they are and not have the solution become so legalistic or costly that you block out or freeze out modest income people from getting needed retirement investment advice. neil: do you think, real quickly that this is all about if people are bitter and angry about not saving enough for retirement it's not the administration's fault it's those charlatans who are advising them? >> it does feed that mentality, i'm afraid, neil. but it's also a disservice at a time when we know many americans are not preparing well for retirement through their savings or investment opportunities where we need to encourage of that. there's some terrific,s positive messaging that could be done, and a lot of that, by the way is to get employers to do what's already authorized by law which is to auto-enroll and auto-escalate their employees in retirement savings plans.
6:13 am
neil: you make way too much sense governor. thank you very much. good seeing you again. >> thank you. neil: well, 50 years after selma using illegals to sully its memory and absolutely mangle its message? ♪ ♪ at ally bank no branches equals great rates. it's a fact. kind of like shopping hungry equals overshopping.
6:14 am
the real question that needs to be asked is "what is it that we can do that is impactful?" what the cloud enables is computing to empower cancer researchers. it used to take two weeks to sequence and analyze a genome; with the microsoft cloud we can analyze 100 per day. whatever i can do to help compute a cure for cancer, that's what i'd like to do. introducing dance-all-you-want bladder leak protection. new always discreet underwear for sensitive bladders. from always, the experts in feminine protection. only always discreet underwear has soft dual leakguard barriers to help stop leaks where they happen most. plus, always discreet has a discreet fit that hugs your curves. you barely feel it. new always discreet underwear. now bladder leaks can feel like
6:15 am
no big deal. because, hey, pee happens. curious? go to alwaysdiscreet.com for coupons and your free sample. at ally bank no branches equals great rates. it's a fact. kind of like mute buttons equal danger. ...that sound good? not being on this phone call sounds good. it's not muted. was that you jason? it was geoffrey! it was jason. it could've been brenda.
6:16 am
♪ ♪ neil: 50 years after selma, is this guy really serious? >> notion that would save some young kid who was brought here when they were 2 or 3 years old might somehow be deported at the age of 20 or 25 even though they've grown up as americans, that's not who we are. that's not true to the spirit of what the march on selma was
6:17 am
about. neil: you know, mr. president, that's not what the march on selma was about. in fact, that's not what selma at all was about. ma was about legal americans -- selma was about legal americans denied their rights. it wasn't about illegal americans denied their rights. that that comparison is what's offensive. because there's a big difference between a nation denying basic rights to all its citizen is the and denying them to those who have no such rights because they are not citizens. it is offensive to those who lost their lives just trying to be americans, it is offense i have to their descendants as well when you compare their right to those who never, ever were not remotely americans. one group had their rights stolen another is trying to steal those rights period. we are a nation of laws. we should not be a nation of fools. to compare the descendants of illegals who were snuck in here with the devenn cants of those -- descendants of those who were killed here and
6:18 am
brutally beaten here and clubbed here and humiliated here and denied entrance to schools here and jeered here and far worse here, well, i say enough of it here and enough of your patronizing words conflating issues that are very, very different here. providing a pathway to citizenship for those who aren't legal americans is one thing. conjoining them, well, to a cause that ripped this country apart is something that cannot be tolerated. they are very different to compare them is very wrong. it is not racist to see the difference, it is racist to not even care that there is a very big difference. it is insulting to those who marched and died just as it's insulting when democrats did this to buy votes for health care. civil rights is too grand a cause to be cheapened as a bargaining chip for any other cause. honor their memory, mr. president, first off by not mixing their message or the
6:19 am
message from those who are long dead. they're due that mr. respect, not some politician's through thed ramble. that's my spiel. to yeah mean on -- janine on hers. i just thought this was a huge leap. what do you think? >> it's outrageous, neil. obama's comments demeans the actions and sacrifices from the civil rights movement. we had individuals who were lynched, individuals subjected to jim crow laws. but what obama is doing is exploiting what happened during that time. and another thing you've got to keep in mind is that obama loves to play on emotions. you bring the race card into the discussion, and that is an emotional issue. so what he's doing is distracting. he's distracting from his illegal executive action for immigration illegals or aliens, whatever the term is now, and it's a distraction from that and also the fact that a judge has issued ap injunction -- an injunction against his action.
6:20 am
so it's a grand distraction. neil: i always say then fix the illegal mess. you always blame congress for not coming up with a measure of their own, executive orders aren't a measure of that. by all means, we have to do something about these kids born of those who got here illegally when they were just infants, toddlers, fine. but do not equate it to those who were killed or suffered immeasurably during the civil rights movement. >> no, i totally agree. look at the hypocrisy of the whole thing. obama's policies are harming americans, but especially black americans who overwhelmingly supported him. he wants his energy policy, electricity prices to skyrocket. it disproportionately harms black americans where they have average lowest incomes and average lowest job skills. so this is claiming to help those that he want -- so he is claiming to help those that he wants to help the most, he's harming them. and with his executive action
6:21 am
for immigration, these low-skilled jobs which are disproportionate jobs -- blacks have these lower skilled jobs these are the same jobs that the illegal aliens will be, you know, competing for. and so he's doing a huge harm -- neil: what did you think of what nancy pelosi's done on this, equating it to the civil rights movement, that this is what martin luther king would have wanted? >> it's outrageous, absolutely outrageous. again, we're a nation of laws just like you said. but the thing, you know, i'm talking about obama and his harmful policies, we have the fed, federal reserve that is harming black americans as well keeping inflation -- interest rates artificially low is harming jobs. companies are investing in infrastructure investing in assets, they're not hiring. they're not innovating, investing in innovation for their companies. so individuals are being harmed all around but disproportionately black americans are harmed too. neil: all of the causes that
6:22 am
have been glommed on to what martin luther king would have done. i wonder what martin thinks of all of this? deneen, thank you very much. you won't believe what we found get ready for a war like this. ♪ ♪ >> you now have 15 seconds -- [inaudible] you are in direct violation of code 113. you now have five seconds to comply. if a denture were to be put under a microscope we can see all the bacteria that still exists. polident's unique micro clean formula
6:23 am
works in just 3 minutes, killing 99.99% of odor causing bacteria. for a cleaner, fresher brighter denture every day.
6:24 am
you can call me shallow... but, i have a wandering eye. i mean, come on. national gives me the control to choose any car in the aisle i want. i could choose you... or i could choose her if i like her more. and i do. oh, the silent treatment. real mature. so you wanna get out of here? go national. go like a pro.
6:25 am
♪ ♪ neil: row bow cops, robo pay they all connect, but we're the only ones doing the co pause that's just what we do because that's just who we are, and that's just what the tech is. and the hottest new segment in tv news is digits. can you dig it? that's me being hip. [laughter] anyway, let's get right high-tech to it. up first, cyborgs in the congo? don't laugh because robocop is
6:26 am
here, at least it's there. this is true. solar-powered robots are fighting traffic violaters and others in the congo, and that may just be for starters because we're told that arrests are up, law enforcement costs are budgeted to go down. that's the thing about robots by the way they don't really demand benefits. a couple of drops of oil, maybe a quick charge, and they're set. is jo ling kent going down this scary road? [laughter] >> this is interesting because in this city there are so many death cans that are caused by traffic accidents, north of 2,000 since -- neil: is that right? >> -- inwith. yeah -- 2007. it's interesting people say they're more likely to obey the traffic laws because they know there are cameras inside. they also serve as the red light/green light of the intersection, so it is an interesting way of trying to regulate your traffic flow if that really is a problem. neil: can they jump off that thing and kill people? [laughter] because that would be cool, you know? >> it doesn't appear that they're very mobile.
6:27 am
neil: circling around, raising his arms up. >> he's waving hello to you -- neil: stop, stop stop you must stop. >> exactly. well, here's the thing, each one of them is $27,000, and it sounds like a lot for a robot -- neil: who designed it? they look like dr. smith on "lost in space." that's a robot t. >> no, i think he's a little friendlier looking. those little eyes don't look so bad -- neil: i like that he's not cut. that's an admirable quality. >> yeah. no, that's good. even's a different shape and size, right? neil: absolutely. [laughter] now here's a robo mind blow or, can a robocop give you a ticket if your car is driving itself? >> ooh -- neil: philosophy. all right. well, cities across the country are set to test drive self-driving cars by next year which, of course if you're in the congo would be pull over no i'm not pull over, no, i'm not. [laughter] >> a battle of the robots. neil: there you go.
6:28 am
what do you think of this? >> this is going to be technology we're definitely going to see more of, and this comes out of a mckenzie study that basically says by 2030 we're going to see a lot of fully autonomous cars on the road and we could eliminate traffic accidents by 90% -- neil: do you know a robot wrote that report by mckenzie? >> a very smart robot. neil: you know, these self-driving cars are here, so they've just got to work their way into the mainstream. >> exactly. i've gone for a ride in the tesla d it can park itself. a lot of our cars these days have those little screens in the front where you can see where you're backing up for parking -- me neil all the screens in the world and my wife would still crash the car. >> oh, come on, i have more faith. neil: don't laugh at this, this is closer than you think. >> absolutely. the issue though is how it actually is executed and how it's regulated and human error versus robot error, if you will in self-driving cars, because that technology is very important. there is some concern, of course that hackers and those cyber criminals out there that want to do something bad could
6:29 am
hack into software that would run driverless cars and then you -- neil: so the companies that are behind this, is this another reason to invest in them or another reason to stand back? what do experts tell you? >> a lot of analysts say the more research and technology these companies get into, the better it is for the stockholder especially for your 401(k). but you've got companies like google and uber and daimler christ cher -- chrysler, tesla. neil: it's a crowded field. even more so. surprise surprise the very same week we cover apple in our hot new segment, the tech giant goes and joins the dow jones industrial average. coincidence? is i think not. [laughter] >> neil cavuto effect is that what you're saying? you're welcome. [laughter] neil: first of all, to appling with in the dow -- to apple being in the dow 30, it swaps out at&t. >> it does. neil: sometimes that's their high point. >> that is possible. you've seen it all but we definitely have a big difference here. apple up $740 being versus $176
6:30 am
or thereabouts for at&t. it's clear that apple, you know, the it's the world's most valuable company literally. neil: but the fear is, obviously, if you invest in averages, index funds, you have to buy all the stocks in the index including in this case all dow 30 members, so it's enough to propel the stock. the rap against it is it doesn't last long. historically in the past when others have joined, it's almost like their final salvo. >> well, to get into the dow 30, you have to be very established -- neil: that's right. >> and that's a catch 22. neil: and this was a company that built its fortune on not being an establishment player. >> and that's where you hope they will continue to hit new highs. they're up 66% in the last year now. neil: you're going to be at the event on monday. >> yeah. more details on the apple watch. i have a feeling they're going to have surprises but the question is will this actually be a successful category for
6:31 am
apple because not everyone really wants a watch. everyone wanted the phone. neil: you'll see. they didn't think they wanted all the aspects of the phone but you never know. >> now robots. neil: when elephants go packing and clowns go crying. >> p.t. barnum once said that the elephants and the clowns were the pegs on which the circus was hung. as you take one of those the future of the market is never clear. but at t. rowe price we can help guide your retirement savings. our experience is one reason 100% of our retirement funds beat their 10-year lipper averages. so wherever your long-term goals take you we can help you feel confident. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. call us or your advisor. t. rowe price. invest with confidence.
6:32 am
6:33 am
6:34 am
♪ ♪ neil: all right. well, big changes under the big top. sad but true ringling brothers are ditching dumb bow. it's true. -- dumbo. joe piscopo you say they ditched the wrong act. >> clowns, they should get rid of clowns. i know you had a clown on -- was the clown sober, by the way? [laughter] neil: i came very close to wearing the same jacket. [laughter] fortunately, i skewed slightly
6:35 am
conservative. >> clown dump the clowns! neil: why? >> clowns scare children. there's one good clown, his name is grandma, you know, with the big apple circus? the rest of the clowns, that is scary to children. how do you get rid of elephants? neil: the argument is they're very cruel, elephants, the way they're treated. >> clowns are as well. neil: they got rid of the wrong guys? they really did. you know what? a cost thing. it's got to be the cost thing -- neil: no. from what i hear, that and groups like that -- peta and groups have raised hackles in so many cities that there were ordnances in place where this kind of thing couldn't be allowed not just for elephants, but it was so sweeping, the language that all of these guys said you know what? there goes dumbo. >> it has to be a financial move, i'm sure. not only just feeding putting the elephants up, and you know that old joke the guy who cleans up after the elephant, what? and quit show business?
6:36 am
remember that old joke. neil: i think the clown was lying through his teeth when he says the elephants -- [laughter] >> did he have his clown outfit on in. neil: yes he did. >> those were the scary one, at least my kids. hi, little kid. the elephants never scared my kids. i'm just saying. neil: all right. this might scare especially this time of year. ♪ ♪ neil: it's a radio station, upstate new york that's playing christmas music all year round. so joe, you're a very popular radio host. what if your owners get the idea, hey, this is cheaper? this is easier? >> i'm all for it. all the time. you know there's so much christian bashing, all they do is come down on the christians. it's about time someone stepped up -- neil: is this one of the songs they're playing ralph? -- ♪ you better watch out, you better not cry better not pout i'm telling you why --
6:37 am
neil: cuckoo is coming. >> it's not enough christmas. really there's not -- neil: well, they're doing this for a reason. i know during the holidays here in the city -- >> because it always snows in upstate new york. neil: well, there is that. but these stations make money. i just don't know about doing it now the whole year round. >> do you know there's a place outside santa barbara, and it's christmas 24/7 all year long. and people like to go there even in july. i think it's a great idea. anything that celebrates the birth of christ how's that? i like that -- neil: well, if they do "silent night," but what if it's all santa-centric? >> then you're back to the clowns, neil. [laughter] neil: then you're back to the clowns. ♪ send in, send in the clowns. i'm sorry, i'm in a silly friday mood. neil: thank you my friend. ♪ isn't it rich, are we a pair?
6:38 am
neil: look at the time. who needs gen-x when we've got bitter boomers who are also crooners? you should hear when the prune juice crowd gets going. i want you to think older, nastier and more prone to go to your mom's got your back. your friends have your back. your dog's definitely got your back. but who's got your back when you need legal help? we do. we're legalzoom, and over the last 10 years, we've helped millions of people protect their families and run their businesses. we have the right people on-hand to answer your questions backed by a trusted network of attorneys. so visit us today for legal help you can count on. legalzoom. legal help is here.
6:39 am
6:40 am
6:41 am
neil: well, you think only millennials complain? well, that depends and i'm not talking about the adult diaper. [laughter] i am talking bitter boomers who have had it with the young and the restless. it's true. and my glorifying these young punks with their own segment, well, the hex with that. time for a geezer rebuttal right now. [laughter] >> that guy in the middle -- who's that? neil: these bitter boomers are just the ones to set 'em straight, charlie gasparino, david asman and, indeed, all wearing depends. [laughter] you're all bitter boomers. steve, are you a bitter boomer?
6:42 am
>> sort of, neil. i think that this is a generation that wants everything instantly. neil: your generation or the young people? >> the young people. you know, facebook, everything. they want it all instantly. when i was growing up we had to learn to read the newspaper we had to actually go and court girls. it wasn't hitting a button on a dating site. and, you know, to make it more serious, we were controlled by our government to a greater extent than the kids are today. because of the war. vietnam. today if you ask a millennial how do you get out of the draft they'll tell you to shut the window. [laughter] neil: and get off my lawn! >> yeah. neil: as match, you must have -- >> well, i don't want to disappoint you, but i've got two kids who are millennials, one is a gunnery sergeant in the marine marine corps, and the other working double shifts at a restaurant. i've got two millennials who are working their butts off, and one is working directly for the country, so i don't see it.
6:43 am
i consider myself as a boomer to be lazier than my millennial kids. neil: then you shouldn't be a bitter boomer -- >> i'm not a bitter boomer. i'm a better boomer between the two -- [inaudible conversations] >> he had that dr. evil chair where he falls over -- neil: trust me i will. what are you bitter about charlie? >> first off, hillsden he doesn't look like a millennial. >> he's not, actually. >> well, you don't look like a boomer. >> another thing, i can lift more than most of these millennials. neil: don't do the jock thing -- >> i'm in good shape. the other thing, i will say this, neil, and i run across millennials all the time because, you know, i have people that work for me, and i see them in the newsroom -- neil: you hit on them, right. [laughter] >> you are -- no let's be clear the millennials fought in iraq, they ser afghanistan they're some of the bravest -- >> thank you. >> -- kids in the world. >> no, i totally agree with that.
6:44 am
neil: he's not saying that they're not. >> no, no i'm just -- >> they do it by choice. neil: yeah. >> let you give -- let me give you my experience. they think that we immediate to cater to them -- we need to kiter with them. neil: so the ones that want this free college or, they're the ones that you're angry at. >> the selfie stick folks. neil: exactly. >> i think there's an oversupply of them. how do you get rid of -- >> how do you get rid of them? [laughter] neil: how do you get rid of them. >> >> what kind of country are you running? >> very important aspect which really worries me when i look at the future of this economy for these kids and my kids -- and i have two kids too that work -- >> hard. >> mine do too. neil: i'm not surprised. cothey have the same anger issues -- >> i call my 26-year-old right now at 12:00 tonight -- neil: oh my god it's dad. >> he'll pick up the phone or, in his office working doing
6:45 am
math. >> say i'm not here. >> no. but the point is, it's instant gratification. and that's the thing -- neil: our generation had that too. >> but wait a minute -- >> hold on a second boomers do it just as much as millennials do -- >> no, no you're totally wrong. [inaudible conversations] >> i've seen the dating sites -- neil: we want our metamucil and our prune juice. >> when you were a kid, you needed to buy a playboy magazine, you had to ask somebody to go to the drugstore. neil: no, i didn't. >> he stole it. he stole it from the barbershop. >> you could get it on tv -- neil: were -- where are you going with that? [inaudible [inaudible conversations] free access to porn -- >> one quick point. >> there's no quick point around here. >> when eisenhower left office -- >> eisenhower -- >> wait a second, he warned us about a military industrial complex, and in a certain
6:46 am
extent, he was right. neil: absolutely. >> complex, period. >> at the same time, out of that military industrial complex came the tran sis to have, the laze or the -- >> transsexuals. >> now we have -- [inaudible] >> by the way, you know -- [inaudible conversations] [laughter] >> you knew this was going to be -- neil: i like this segment. i don't know what you guys think, but i just like it when a bunch of guys my age get together, and all of you, get off my lawn! did you hear about the robber who got away in an uber car? [laughter] can they arrest the guy who at ally bank no branches equals great rates. it's a fact. kind of like shopping hungry equals overshopping.
6:47 am
at ally bank no branches equals great rates. it's a fact. kind of like mute buttons equal danger. ...that sound good? not being on this phone call sounds good. it's not muted. was that you jason? it was geoffrey! it was jason. it could've been brenda. doug. you've been staring at that for awhile, huh? listen, td ameritrade has former floor traders to help walk you through that complex trade. so you'll be confident enough to do what you want. i'll pull up their number.
6:48 am
blammo. let's get those guys on the horn. oooo looks like it is time to upgrade your phone, douglass. for all the confidence you need. td ameritrade. you got this.
6:49 am
neil: in tonight's biz blitz an uber getaway car a robber using
6:50 am
the service to get out of town but does that mean uber needs to be dragged into court? weers as that -- weird as that is. what do you think? >> i think it's kind of dangerous that this driver was texting that he was in a car with gunshots going off. it sounds like a very strange situation and maybe there's some more involvement than we know about. neil: i didn't even think that the driver could be an accomplice. regardless, the driver is secondly an accessory, right hadley? >> you know i have to pray for this driver. unless he was truly in cahoots with these bad guys before the fact, he did his best to make sure that authorities were aware and allowed them to use the gps in his car to track these guys to where he dropped then off at jfk airport and they were apprehended. a scary incident, but a good ending. neil: all right. don't know if that'll affect people who want to invest in this technology. mark, this one under bad product placement, youtube
6:51 am
advertisements whose spots are now running before isis videos, youtube says they have no control over this stuff, don't make a big deal out of it. does it have control? >> absolutely, this is a big deal. i think they should know what kind of videos are up on those web sites. they certainly can screen for isis videos, they screen for porn -- neil: i think the argument is the isis videos quickly come and they take them down. >> that may be, but if you're having advertisers or put advertisements on their system and they're paying you to do this and they don't know what they're advertising in front of, i think that's kind of dangerous and there's usually a log. so for them to say they don't know -- neil: okay. >> somebody knew they just didn't follow it through. neil: hadley, what do you think? >> you know, one of the things that we as users whether we are patrons of uber or we like to upload our own youtube videos one of the things we like about those things is they're user-friendly. in this case it's people who want to upload content we don't
6:52 am
like are going to be uploading so absolutely i agree these advertisers ought to be able to control what kind of content their ads are being paired with. neil: in the meantime wisconsin governor scott walker signing another right to work law that this time covers private unions. you don't want to be part of it, you don't have to pay the dues to be in it. what do you think? >> i think that's great. i think it's good to take a stand against the unions. sometimes these unions become cults and they really have a lot of power and they control the union employees. if they don't want to be in the union, they have the right not to be. and if they do want to leave the union -- which is a big issue for getting out -- they should ask instead of trying to keep them in and having all these windows and places where they can get out, ask them why they want to get out. listen to the rank and file before you just make -- neil: hadley, a lot of people say it's going to boomerang on scott walker though. what do you make of that? >> no. i think americans are clearly
6:53 am
behind scott walker, last time gallup polled the issue, 71% of americans including 65% of democrats support right-to-work laws. neil: guys, thank ♪ at mfs, we believe in the power of active management. every day, our teams collaborate around the world to actively uncover, discuss and debate investment opportunities. which leads to better decisions for our clients. it's a uniquely collaborative approach you won't find anywhere else. put our global active management expertise to work for you. mfs. there is no expertise without collaboration.
6:54 am
introducing dance-all-you-want bladder leak protection. new always discreet underwear for sensitive bladders.
6:55 am
from always, the experts in feminine protection. new always discreet underwear absorbs heavy bladder leaks faster than the leading brand so you can feel comfortably dry. plus, always discreet has a discreet fit that hugs your curves. you barely feel it. new always discreet underwear. now bladder leaks can feel like no big deal. because, hey, pee happens. curious? go to alwaysdiscreet.com for coupons and your free sample.
6:56 am
>> what's the deal, neil? neil: and what is the deal with a tax commissioner running for president? mark says who better to know where all our tax money goes? there's more to this former bush guy than numbers. he knows math, which i think is a good thing. that means he knows addition and subtraction, which in washington seems to be a kind of forgotten thing. i went long with him on my fox news show to let him discuss things like simplified tax code consumption tax in favor of extreme streamline budgeting. none of it sounded nuts to me.
6:57 am
i would vote for him in a heartbeat because of his beliefs. jack: neil please, i'm begging you get this guy on your show as much as possible. he's a breath of fresh air, and could be the guy who saves our country. kelly: you said it best, why not go outside the typical political petri dish. this guy has the smarts and the best ideas and he's not afraid to back them up. good for him actually answering questions. and good for you, neil, having i him on and asking it. i just saw him on your program and like his suggestion for one term in our president. i see no point in electing people to a position where they become career politicians and millionaires in the process. if any of you missed my chat with him fear not he'll be joining me later on in the show.
6:58 am
lots of emails on what the tech segment. we give you the heads-up on the gadgets and trends starting up. i'm a geek, this is broadcast gold. keep it up. thomas: what the tech, i'm sold. simon: i don't always agree with your experts views on any given evening, but i appreciate you exploring subjects others in the media are either ignoring or refuse to cover. tom in washington: during your what the tech segment, you had a look at electric cars and you commented about whether electric cars could cause an actual upsurge in coal usage at power plants. your line of questioning was spot-on which, of course is your trademark. you're always ahead of the game. well, you better talk to steve who emails he's not a fan of this segment at all. cavuto if you think 30000 dog houses will get me to watch you or
6:59 am
invest in a company that makes them, you have another thing coming. but i'll give you an a for effort. well i'll take that a i guess, steve. then clara i enjoy how you study all these companies with all this money are trying to spend it on the goofiest things. i like how you said in apple's case, it almost seems as if they're trying to piss it away. i didn't quite say it like that. my point was be aware of companies with lots of dough. sometimes they come up with things that are pretty dumb. google should stick to searching. you should stick to waitering. get off the air. you and this segment are stupid. finally sam: don't you find it curious that apple joins the dow jones industrial the very week your tech segment is debuting. coincidence, way to go mr. portly stud. you had to throw in the portly in there didn't
7:00 am
you, sam? keep writing in. because this monday it's ask neil anything day. write in with anything, and i mean anything on your mind, if you have a mind. see you then. all right, welcome to "the best of imus" on the fox business network in new york city. there's the heart of times square just down the block. i'm connell mcshane. nice to be with you. we've lined up some of imus' best interviews for the next few hours. this man dropped by the studio recently to talk about his career, the fact he sold out

88 Views

info Stream Only

Uploaded by TV Archive on